Ministry Takes Transportation Payment Online

Jun 20 , 2020


The Ministry of Transport has started an internet-based transportation payment service to combat the transmission of Novel Coronavirus (COVID-19) within the community. The Ministry officially launched the service on June 19, 2020, with the aim of reducing physical contact created by the high numbers of ticket purchasers. The new system is expected to play a vital role in leading the sector with technology, preventing the disease from spreading and reducing wait times and expenses for customers, according to Dagmawit Moges, minister of Transport. "It'll allow travellers to book tickets with their mobile phones without having to be physically present at the bus stations," she said. A team of experts from the Technology & Innovation Institute have developed an online system to process special permits for private vehicles. The Ministry has also recently deployed a team of professionals tasked with ensuring the consistent implementation of health standards across the transport sector of the country.


Radar

Sovereign Fund Reviews Mid-Year Performance of Line Companies, Calls for Strategic Improvements

Ethiopian Investment Holdings (EIH) launched its mid-year performance review for its portfolio companies, displaying mixed results for the first half of the fiscal year. Ethiopian Sugar Industry Group (ESIG) reached 95.3pc of its sales goal, selling 64,190tn of sugar for 6.1 billion Br—a 132pc year-on-year growth—despite capacity and supply issues. The Ethiopian Petroleum Supply Enterprise (EPSE) met 92pc and 97pc of its purchase and sales targets, respectively, stating it has benefitt...


Radar

Digital Pay Uptake Booms Among SMEs, Visa Study Finds

Over 80pc of surveyed small- and medium-sized Enterprises (SMEs) have started accepting digital payments in the last two years, according to a new Visa report titled, ‘Value of Acceptance: Understanding the Digital Payment Landscape in Ethiopia'. Citing increased convenience, the report indicates reduced fraud risk and improved efficiency as factors in the uptake. A substantial 66pc of these SMEs believe that investing in digital payment technologies will support future business growth. The...


Radar

ILO Tackles Agricultural Wage Gap

The International Labour Organization (ILO) launched the Setting Adequate Wages in Agriculture (SAW-A) Project last week, with support from the German Federal Ministry for Economic Cooperation & Development (BMZ), seeking to promote fair wage policies, enhance collective bargaining, and support the establishment of minimum wage mechanisms to improve the livelihoods of agricultural workers. The sector employs over 80pc of Ethiopia's workforce, making it the country's largest employment sec...